“The great increase in longevity has produced a surge in the desire to accumulate assets for retirement. It has outpaced the ability of the private sector to produce assets, so we need a larger government debt.” NeedsGovernmentDesireAbilityProduceIncreaseDebtRetirementAssetsLongevityPrivate SectorGovernment Debt Author:William Vickrey
“Balancing a nominal budget will solve nothing, and attempting to achieve such a spurious balance will produce much mischief.” AchieveProduceBalanceSolveBudgetsAttemptingMischief Book:Full Employment and Price Stability: The Macroeconomic Vision of William S. Vickrey Source: Full Employment and Price Stability: The Macroeconomic Vision of William S. Vickrey
“Deficits do not in themselves produce inflation, nor does a balanced budget assure a stable price level.” DoeLevelsProduceBudgetsStableBalancedInflationDeficitBalanced Budget Book:Full Employment and Price Stability: The Macroeconomic Vision of William S. Vickrey Source: Full Employment and Price Stability: The Macroeconomic Vision of William S. Vickrey
